Virtusa Launches Open Offer for Polaris Consulting

US-based IT services provider Virtusa Consulting Services has launched an open offer to acquire 26 per cent of the public shareholding in Polaris Consulting at Rs 220.73/share. The open offer comes after the US company entered into an agreement to acquire 53 per cent stake in Chennai-based Polaris for about Rs 1,173 crore at Rs 220.73/share. According to the agreement some of the promoters - Arun Jain and other shareholders, includ...